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Daily Dispatches
World Gold Council to teach central bankers how to trade gold
Submitted by cpowell on Wed, 2013-02-13 10:34 Section: Daily Dispatches10:44a ET Wednesday, February 13, 2013
Dear Friend of GATA and Gold:
Central bankers will be taught how to trade gold at a three-day seminar on "gold reserves management" to be held in March at the University of California at Berkeley and co-sponsored by the World Gold Council.
Inflation is a function of diminishing demand for currency, Turk reminds
Submitted by cpowell on Tue, 2013-02-12 12:08 Section: Daily Dispatches12:02p ET Tuesday, February 12, 2013
Dear Friend of GATA and Gold:
Interviewed today by King World News, GoldMoney founder and GATA consultant James Turk emphasizes a point he often has made: that inflation is in large part a function of diminishing demand for currency as well as increasing supply.
No markets are real, von Greyerz tells King World News
Submitted by cpowell on Tue, 2013-02-12 10:54 Section: Daily Dispatches10:50a ET Tuesday, February 12, 2013
Dear Friend of GATA and Gold:
G7 nations pledge to coordinate their currency market rigging
Submitted by cpowell on Tue, 2013-02-12 08:32 Section: Daily DispatchesThey say they want markets to value currencies but warn against "excessive volatility and disorderly movements in exchange rates" and pledge "to continue to consult closely on exchange markets and cooperate as appropriate." That is, they will let markets work except when markets become inconveniently "excessive" and "disorderly" and then they will coordinate their market rigging.
U.S. gold is being exported to Asia, especially Hong Kong
Submitted by cpowell on Mon, 2013-02-11 19:35 Section: Daily DispatchesU.S. Gold Bars and Coins Find New Home Overseas on Asian Demand
By Frank Tang
Reuters
Monday, February 11, 2013
http://www.reuters.com/article/2013/02/11/usa-gold-export-idUSL1N0BB9CO2...
NEW YORK -- Booming demand for gold as a store of wealth among Asian investors is driving physical gold bars and coins out of the United States and into Asia.
LBMA trader brushes off today's attack on gold
Submitted by cpowell on Mon, 2013-02-11 16:24 Section: Daily Dispatches4:21p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
Bull Market Thinking's Tekoa da Silva interviews a London gold trader about today's attack on gold and he brushes it off as exploitation of a brief interruption of physical demand. The interview is headlined "LBMA Trader: 'This Is Just Smart Money Pushing Gold To The Extremes'" and it's posted at Bull Market Thinking here:
Sprott sees scrap gold disappearing, expects Comex default
Submitted by cpowell on Mon, 2013-02-11 16:05 Section: Daily Dispatches4p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
Sprott Asset Management CEO Eric Sprott today tells King World News that scrap gold supply is disappearing, that he expects the Comex gold futures market to default, and that when it does, gold "will make up for these past two years in no time." An excerpt from the interview is posted at the King World News blog here:
New York Sun: The state of the dollar
Submitted by cpowell on Mon, 2013-02-11 15:11 Section: Daily Dispatches3:06p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
As President Obama prepares to deliver his State of the Union address Tuesday night, the New York Sun says the state of the dollar should overwhelm all other subjects.
Russia, China know what GATA knows about gold, Embry tells King World News
Submitted by cpowell on Mon, 2013-02-11 15:03 Section: Daily Dispatches3p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
Russia and China know what GATA long has been telling the world about the rigging of the gold market and they are acting on it, Sprott Asset Management's John Embry today tells King World News.
G7 expected to issue statement to cool currency war talk
Submitted by cpowell on Mon, 2013-02-11 11:50 Section: Daily DispatchesThey say they want both "market-determined exchange rates" and "stability" -- contradictions in terms. So of course there will continue to be constant interventions, both open and surreptitious.
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From Reuters
Monday, February 11, 2013
http://www.reuters.com/article/2013/02/11/g7-forex-idUSL5N0BBBHP20130211
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